The “Four Pillars” protection racket for Australia’s biggest banks looks like it may be soon be history, paving the way toward agreed or mildly hostile offers to rearrange the inefficient, high cost legacy of ANZ, Westpac, NAB and CommBank and their kin. read more

Trail commissions "should be banned” but upfront commissions will survive, and these reforms “must be implemented by all lenders without further delay," an aggravated Productivity Commission demands. read more

Obliged by convention to spruik a defiantly reformist report on the finance industry from the Productivity Commission at a business lunch today, treasurer Scott Morrison ignored the most compelling material and grasped at populist ephemera. read more

ANZ has updated the market on progress towards the sale of its former OnePath pensions and investments business, and its aligned dealer groups, to IOOF. This follows on from a move first announced in October 2017. read more

ANZ has rejected some of the findings of a Forrester Research report, which last week failed the performance of the bank’s mobile banking app because of concerns over security and a lack of customer support. read more